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Side-by-side financial comparison of IOVANCE BIOTHERAPEUTICS, INC. (IOVA) and NACCO INDUSTRIES INC (NC). Click either name above to swap in a different company.

IOVANCE BIOTHERAPEUTICS, INC. is the larger business by last-quarter revenue ($86.8M vs $66.8M, roughly 1.3× NACCO INDUSTRIES INC). On growth, IOVANCE BIOTHERAPEUTICS, INC. posted the faster year-over-year revenue change (17.7% vs -5.2%). Over the past eight quarters, IOVANCE BIOTHERAPEUTICS, INC.'s revenue compounded faster (1001.6% CAGR vs 11.9%).

Iovance Biotherapeutics, Inc. is a biopharmaceutical startup based in San Carlos, California. The company works to develop tumor-infiltrating lymphocyte (TIL) therapies against cancer.

NACCO Industries, Inc. is an American publicly traded holding company, headquartered in Cleveland, Ohio. Through a portfolio of mining and natural resources businesses, the company operates under three business segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The North American Mining se...

IOVA vs NC — Head-to-Head

Bigger by revenue
IOVA
IOVA
1.3× larger
IOVA
$86.8M
$66.8M
NC
Growing faster (revenue YoY)
IOVA
IOVA
+22.9% gap
IOVA
17.7%
-5.2%
NC
Faster 2-yr revenue CAGR
IOVA
IOVA
Annualised
IOVA
1001.6%
11.9%
NC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IOVA
IOVA
NC
NC
Revenue
$86.8M
$66.8M
Net Profit
$-3.8M
Gross Margin
67.4%
18.0%
Operating Margin
-84.7%
11.3%
Net Margin
-5.8%
Revenue YoY
17.7%
-5.2%
Net Profit YoY
-150.8%
EPS (diluted)
$-0.53

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
IOVA
IOVA
NC
NC
Q4 25
$86.8M
$66.8M
Q3 25
$67.5M
$76.6M
Q2 25
$60.0M
$68.2M
Q1 25
$49.3M
$65.6M
Q4 24
$73.7M
$70.4M
Q3 24
$58.6M
$61.7M
Q2 24
$31.1M
$52.3M
Q1 24
$715.0K
$53.3M
Net Profit
IOVA
IOVA
NC
NC
Q4 25
$-3.8M
Q3 25
$-91.3M
$13.3M
Q2 25
$-111.7M
$3.3M
Q1 25
$-116.2M
$4.9M
Q4 24
$7.6M
Q3 24
$-83.5M
$15.6M
Q2 24
$-97.1M
$6.0M
Q1 24
$-113.0M
$4.6M
Gross Margin
IOVA
IOVA
NC
NC
Q4 25
67.4%
18.0%
Q3 25
43.0%
13.0%
Q2 25
5.5%
10.0%
Q1 25
-0.8%
14.7%
Q4 24
68.7%
12.0%
Q3 24
46.2%
11.7%
Q2 24
-0.8%
13.4%
Q1 24
13.2%
Operating Margin
IOVA
IOVA
NC
NC
Q4 25
-84.7%
11.3%
Q3 25
-140.7%
8.8%
Q2 25
-189.8%
-0.1%
Q1 25
-245.8%
11.7%
Q4 24
-117.5%
5.5%
Q3 24
-152.1%
31.9%
Q2 24
-327.6%
14.1%
Q1 24
-16464.6%
8.9%
Net Margin
IOVA
IOVA
NC
NC
Q4 25
-5.8%
Q3 25
-135.3%
17.3%
Q2 25
-186.2%
4.8%
Q1 25
-235.5%
7.5%
Q4 24
10.7%
Q3 24
-142.7%
25.4%
Q2 24
-312.2%
11.4%
Q1 24
-15800.8%
8.6%
EPS (diluted)
IOVA
IOVA
NC
NC
Q4 25
$-0.53
Q3 25
$1.78
Q2 25
$-0.33
$0.44
Q1 25
$-0.36
$0.66
Q4 24
$-0.24
$0.99
Q3 24
$-0.28
$2.14
Q2 24
$-0.34
$0.81
Q1 24
$-0.42
$0.61

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IOVA
IOVA
NC
NC
Cash + ST InvestmentsLiquidity on hand
$297.0M
$49.7M
Total DebtLower is stronger
$100.8M
Stockholders' EquityBook value
$698.6M
$429.2M
Total Assets
$913.2M
$661.2M
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IOVA
IOVA
NC
NC
Q4 25
$297.0M
$49.7M
Q3 25
$300.8M
$52.7M
Q2 25
$301.2M
$49.4M
Q1 25
$359.7M
$61.9M
Q4 24
$323.8M
$72.8M
Q3 24
$397.5M
$63.1M
Q2 24
$412.5M
$62.4M
Q1 24
$356.2M
$61.8M
Total Debt
IOVA
IOVA
NC
NC
Q4 25
$100.8M
Q3 25
Q2 25
Q1 25
Q4 24
$99.4M
Q3 24
Q2 24
$29.0M
Q1 24
$28.4M
Stockholders' Equity
IOVA
IOVA
NC
NC
Q4 25
$698.6M
$429.2M
Q3 25
$702.3M
$426.4M
Q2 25
$698.5M
$413.1M
Q1 25
$767.9M
$409.1M
Q4 24
$710.4M
$404.9M
Q3 24
$773.5M
$397.3M
Q2 24
$768.5M
$384.1M
Q1 24
$680.0M
$381.6M
Total Assets
IOVA
IOVA
NC
NC
Q4 25
$913.2M
$661.2M
Q3 25
$904.9M
$637.6M
Q2 25
$907.4M
$631.3M
Q1 25
$966.7M
$634.2M
Q4 24
$910.4M
$631.7M
Q3 24
$991.1M
$597.4M
Q2 24
$964.3M
$560.1M
Q1 24
$869.8M
$538.0M
Debt / Equity
IOVA
IOVA
NC
NC
Q4 25
0.23×
Q3 25
Q2 25
Q1 25
Q4 24
0.25×
Q3 24
Q2 24
0.08×
Q1 24
0.07×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IOVA
IOVA
NC
NC
Operating Cash FlowLast quarter
$-52.6M
$11.4M
Free Cash FlowOCF − Capex
$-61.9M
FCF MarginFCF / Revenue
-71.3%
Capex IntensityCapex / Revenue
10.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-336.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IOVA
IOVA
NC
NC
Q4 25
$-52.6M
$11.4M
Q3 25
$-78.7M
$42.3M
Q2 25
$-67.4M
$-7.8M
Q1 25
$-103.7M
$5.0M
Q4 24
$-73.3M
$25.2M
Q3 24
$-59.0M
$2.8M
Q2 24
$-98.4M
$4.1M
Q1 24
$-122.3M
$-9.8M
Free Cash Flow
IOVA
IOVA
NC
NC
Q4 25
$-61.9M
Q3 25
$-89.5M
Q2 25
$-74.9M
Q1 25
$-109.9M
Q4 24
$-77.5M
Q3 24
$-61.3M
Q2 24
$-98.9M
Q1 24
$-126.5M
FCF Margin
IOVA
IOVA
NC
NC
Q4 25
-71.3%
Q3 25
-132.7%
Q2 25
-124.9%
Q1 25
-222.8%
Q4 24
-105.1%
Q3 24
-104.6%
Q2 24
-317.9%
Q1 24
-17685.3%
Capex Intensity
IOVA
IOVA
NC
NC
Q4 25
10.7%
Q3 25
16.1%
Q2 25
12.4%
Q1 25
12.6%
Q4 24
5.7%
Q3 24
3.9%
Q2 24
1.4%
Q1 24
583.4%
Cash Conversion
IOVA
IOVA
NC
NC
Q4 25
Q3 25
3.19×
Q2 25
-2.39×
Q1 25
1.03×
Q4 24
3.33×
Q3 24
0.18×
Q2 24
0.68×
Q1 24
-2.14×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IOVA
IOVA

Amtagvi$64.9M75%
Proleukin$21.9M25%

NC
NC

Transferred Over Time$42.7M64%
Transferred At Point In Time$24.1M36%

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